Crypto ETF Flows — November 2024
In November 2024, the crypto ETF market experienced a net flow of $7.5B, driven by total inflows of $9.7B and outflows of $2.1B. The month showcased significant activity, particularly on November 7, which recorded the strongest single-day inflow of $1.5B.
TL;DR
- Monthly net flow: net inflows of $7.5B (net $7.5B).
- Total inflows: $9.7B. Total outflows: $2.1B.
- Strongest single day: 2024-11-07 ($1.5B).
- Weakest single day: 2024-11-04 (-$604.3M).
Monthly Overview
November 2024 covered 30 trading days and leaned towards a risk-on sentiment in the crypto ETF market. The total inflows of $9.7B against outflows of $2.1B suggest positive investor sentiment, as evidenced by the significant inflows on numerous days throughout the month. For further insights, visit our crypto ETF dashboard.
Weekly Breakdown
- Week 1 (Nov 1 - Nov 7): Started with a weak performance, highlighted by a significant outflow of -$604.3M on November 4. The week turned around dramatically with a strong inflow on November 7 of $1.5B.
- Week 2 (Nov 8 - Nov 14): Continued positive momentum with inflows reaching $1.4B on November 11, contributing to a total of $2.6B this week.
- Week 3 (Nov 15 - Nov 21): The week experienced fluctuations with outflows on November 15, but still managed a net positive flow of $1.2B.
- Week 4 (Nov 22 - Nov 30): Showcased resilience with a total inflow of $1.8B, marked by notable inflows on the 29th ($652.9M).
Top Funds of the Month
| Fund | Net Flow | Direction |
|---|---|---|
| BlackRock (BTC) | $5.6B | inflows |
| Fidelity (BTC) | $962.9M | inflows |
| BlackRock (ETH) | $760.3M | inflows |
| Grayscale (BTC) | -$363.9M | outflows |
| Fidelity (ETH) | $309.7M | inflows |
The top funds reflect significant capital inflows, particularly into Bitcoin ETFs, with BlackRock and Fidelity leading the charge. The outflows from Grayscale indicate a potential rotation or profit-taking among investors.
Market Interpretation
The inflows observed in November indicate a strong institutional interest in crypto ETFs, particularly in Bitcoin ETF products, alongside notable support for the Ethereum ETF. This trend suggests a growing confidence among investors in the long-term prospects of these digital assets, particularly amid a backdrop of market volatility. The capital rotation seen in the flows could also signal strategic positioning as investors assess the best opportunities in the evolving landscape.
Conclusion
November 2024 concluded with a robust net flow of $7.5B, underscoring the resilience of the crypto ETF market despite earlier setbacks. As institutional interest continues to grow, we can expect further developments in the coming months. For the latest data on all funds, check out All ETF funds.